How is it Funded?

The total estimated cost of the project is $2.75 Billion (2018$).

The Diversion Authority has reviewed the following estimates for project costs:

$502 million for Lands and Impacted Property Mitigation

$989 million for the Channel / P3

$703 million for USACE / Southern Embankment and Associated Infrastructure

$266 million for levees and other In-town projects in Fargo and Moorhead

$44 million for Other Mitigation Construction

$250 million for Non-Construction Costs

The updated funding plan includes a combination of current and proposed commitments that, if secured, would result in the following breakdown:

$750 million from the federal government ($450M existing and $300M new)

$870 million from the state of North Dakota ($570M existing and $300M new)

$1,044 million from the local sponsors funded through existing sales taxes

$43 million to be requested from the state of Minnesota for continued work in-town to pay for Plan B changes in MN and another $43 million for the project

A Split Delivery model would deliver the majority of the Diversion Project’s features through a Public-Private Partnership (P3) project, while the U.S. Army Corps of Engineers intends to use traditional design-bid-build method. The P3 model will deliver the best value for the public’s money, provide performance guarantees and long-term warranties that otherwise would not be available, promote delivery innovation, and shorten the schedule to achieve flood risk reduction sooner than could be achieved otherwise.